Those who have read the Daily for a while know that I created the economic Economic Modern Family years ago.
The one index, Russell 2000 IWM, and five market sectors, Transportation IYT, Semiconductors SMH, Retail XRT, Regional Banks KRE and …
With nearly perfect precision, the market, especially the Russell 2000 IWM, fell to test the monthly moving average I featured last week.
That level is 149.77. Today’s low in IWM was 148.92.
Then, like our beautiful friend, it climbed up …
Over the weekend, I am certain you read reports that said the market is at a tradeable bottom and others that said the market is going to continue to crash.
No doubt, the contrasting opinions (and that’s really all they …
The market has 5 heads and 8 arms.
It stands victoriously on 2 legs atop its victim.
It could be because the victor has more arms and heads than its victim.
The market has a similar picture.
The bulls put …
Last night I reviewed the predictions made by astrologists for The Year of the Chinese Earth Dog.
“The 2018 Year of Dog represents Grave of Fire, which means the optimism of fire is going down and the pessimism of water …
Some of you may recall that I covered the Chinese Astrological sign for this year in February.
The prediction for the market said that the cycle of fire elements ended in 2017.
“The 2018 Year of Dog represents Grave of …
But, was it really hocus pocus?
After all, the S&P 500 held the 50-week moving average as did the Retail Sector XRT, and Biotechnology IBB.
Furthermore, NASDAQ QQQ put in a reversal bottom.
And the Russell 2000 IWM, held the …
As some of you know, I call the Russell 2000 IWM, the Granddad of the U.S. Economic Economic Modern Family.
I do so because the Russell is comprised of 2000 small cap stocks that are 99.86% located in the United …
If ripened fruit has not been picked from a tree, it will eventually fall.
For those unwittingly standing beneath that tree, falling fruit can cause a nasty bump on the head.
Considering how overripe the market and economy have been, …
On the daily charts, the Russell 2000 IWM broke down on September 26th, when it closed below the 50 DMA and into a Warning Phase.
Then, last week, the first breakdown on the weekly chart confirmed under a key exponential …
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